Govt. Clarification-deeming Indian tax residency provisions as per Budget 2020 not to apply to bonafide workers abroad unless income  is derived from Indian business/profession   The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable to be taxed in any country or jurisdiction. This is an anti-abuse provision since it is noticed that some Indian citizens shift their stay in low or no tax jurisdiction to avoid payment of tax in India.             The new provision is not intended to include in tax net those Indian citizens … Continue reading Govt. Clarification-deeming tax residency as per Budget 2020 not apply to bonafide workers abroad